CREDIT: TESLA congestion, increased accessibility and, most critically for insurers, a dramatic reduction in accidents.
At the heart of this transformation are competing technological philosophies. Waymo, which has been operating in Austin and other cities, employs a suite of sensors including LiDAR and radar, creating a detailed, real-time 3D map of its surroundings. This multi-modal approach is widely considered robust: a fact seemingly supported by compelling new data from Swiss Re, one of the world’ s leading reinsurers.
The firm’ s December 2024 study, which analysed 25.3 million fully autonomous miles driven by Waymo, found that the Waymo Driver
$ 17.19bn
Projected global robotaxi market size by 2029, up from just over $ 2bn in 2025
$ 480bn
Projected autonomous ride-hailing market value by 2035
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